$1,850,000

677 Magnolia Ave Beaumont, CA 92223

Estimated payment $11,572/month

Total Views 5,237
3 Beds
3 Baths
7,089 Sq Ft
$261 Price per Sq Ft

Highlights

  • 0.41 Acre Lot
  • Bike Trail
  • 1-Story Property

About This Home

Proud to present Magnolia Avenue Apartments, a well-maintained 12-unit multifamily investment opportunity located in the growing city of Beaumont, CA. The property consists of a desirable mix of one- and two-bedroom units, each designed for tenant comfort and long-term stability. On-site parking, spacious layouts, and convenient access to nearby retail, dining, and schools make Magnolia Avenue Apartments a sought-after rental option for local residents. Positioned in a high-growth Inland Empire submarket, the property benefits from Beaumont’s strong population growth, limited multifamily inventory, and consistently high tenant demand. Current rents remain below market, offering investors the opportunity to increase income through renovations and strategic management. Magnolia Avenue Apartments offers investors a rare opportunity to acquire a stable, cash-flowing property with significant upside potential in one of Southern California’s most dynamic rental markets.

Listing Agent

Bill Melton

PAEZ REALTY COMPANY License #01342816 Listed on: 09/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 7,089 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 85
  • Tax Tract Number 44000
  • Assessor Parcel Number 418074015

Community Details

Overview

  • 4 Buildings
  • 12 Units

Recreation

  • Bike Trail

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Insurance Expense $10,000
  • Professional Management Expense $2,400
  • Trash Expense $4,500
  • Water Sewer Expense $5,800
  • Operating Expense $55,145
  • Gross Income $161,772
  • Net Operating Income $101,774

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Subdivision Name Other: Beaumont
  • Water Sewer Expenses: 5800.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 418074015
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 260.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 15.00

Utilities

  • Laundry: No
  • Sewer: Septic Type Unknown
  • Trash Expense: 4500.00

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17859.60
  • Lot Size Acres: 0.4100

Multi Family

  • Gross Income: 161772.00
  • Gross Scheduled Income: 161772.00
  • Insurance Expense: 10000.00
  • Lot Size Area: 0.4100 Acres
  • Net Operating Income: 101774.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Units Total: 12
  • Operating Expense: 55145.00
  • Rent Control: No
  • Total Expenses: 55145.00

Tax Info

  • Tax Lot: 85
  • Tax Tract Number: 044000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2025 09/10/25 For Sale $1,850,000 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25214521

California Regional Multiple Listing Service (CRMLS)

APN: 418-074-015

California Riverside County Beaumont 92223

677 Magnolia Ave, Beaumont, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Bill Melton
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PAEZ REALTY COMPANY
(951) 904-6372